Archive for the ‘Finance’ category

If the Gaddafi government goes down, it will be interesting to watch whether the new central bank joins the BIS, whether the nationalized oil industry gets sold off to investors, and whether education and health care continue to be free.

Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:

I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences. (more…)

Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class.

Wall Street wasn’t through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve’s balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks’ balance sheets.

The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.(more…)

Like this:

by Dr. K R Bolton

January 18, 2011

“Spontaneous” demonstrations of thousands of youths pouring out into the streets with such force as to compel the flight of a long-time president… To which country are we alluding: Georgia, Serbia, Myanmar,[1] Ukraine, Poland, Czechoslovakia, Iran, Hungary…? This time it is Tunisia. All of these “revolts” followed the same pattern. Already the Tunisian revolt is being called a “color revolution” by media and political pundits, and it has also been provided with a name; the “Jasmine Revolution,”[2] like the abortive “Green” and “Saffron” Revolutions, and the successful Velvet, Rose, Orange, and Tulip Revolutions, etc.

These “color revolutions” all have a common pattern because they are all planned by the same strategists; namely the Open Society network of money speculator George Soros, who serves as a kind of modern-day Jacob Schiff in funding revolutions;[3] and the National Endowment for Democracy, the latter a post-Trotskyite founded, Congressionally-funded kind of “Comintern” promoting the “world democratic revolution” in the service of plutocracy and under the façade of liberty. (more…)